588 Boston Post RdMadison, CT 06443

Property Details for 588 Boston Post Rd

Year built

1986

Lot size

0.93 AC

Property size (Sq ft)

3,496 SF

Zone code

R-2

Property type

Office buildings

APN

MADI M:38 B:122

APU

MADIM38B122

Description

This exceptional office space, located at 588 Boston Post Road in Madison, Connecticut, offers a fantastic opportunity for businesses seeking a well-established presence in a vibrant community. The property consists of a two-story, 3,496 square foot building constructed in 1986, situated on a 0.93-acre lot. The building is zoned R-2 and features a traditional office layout, currently available as multiple tenancies. The minimum leasable space is 1,550 square feet, located on the second floor. This location boasts convenient access to Route 1/Boston Post Road, providing excellent visibility and accessibility. Ample parking is available on-site. The property's proximity to beaches and recreational areas adds to its appeal, offering employees a desirable work-life balance. The lease rate is $23 per square foot, modified gross. This presents a compelling opportunity to establish or expand your business in a highly sought-after location. The property's size and layout offer flexibility for various business needs. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $577,993

  6.5%

  $533,532

  7%

  $495,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,787

  Geo Method

  $456,787

• Alternative Use

  Use

  Valuation

  Residential

  $661,580

  Hospitality

  $606,004

  Educational

  $504,188

  Medical

  $521,528

  Retail

  $784,292

Location Insight

City

Madison

County

New Haven

State

Connecticut

Latitude

41.2787

Longitude

-72.5992

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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